Going through my learning process one of the things I noticed overall is how expensive options seem lately. ie: lets say an call option for stock X, strike price 45 sells for 2.50 a share. stock is trading at 40 today, and the option expires in 30 days. That means the option has only time value of 2.50 for 30 days. but even if the stock was selling at 46 dollars a share before expiration the time value might only be like 5 cents and the intrinsic value 1 dollar. from my understanding. so for the buyer it is a losing trade. I have notice this, it seems options are super expensive. like SPY march put with a strike price of 76 is selling for 1.89 per share. so SPY would have to plummet past 76 dollars within 38 days. Is it just me or does 1.89 sounds like a lot of money to pay for an march SPY put? It is over 7 dollars out.